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1-8, 26 Byrne Avenue, Elwood, VIC 3184

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1-8, 26 Byrne Avenue, Elwood, VIC 3184

1-8, 26 Byrne Avenue, Elwood, VIC 3184

Properties / Sold / Victoria / Elwood
Development Potential

1. Property Summary

Property Type
Residential
Sub Type
Townhouse Sites, Units, House, Land Site
Land Area
759 m² (*approx)
Zoning
NRZ5 NRZ
Local Government
Port Phillip
Selling Method
$AUD: $2,900,000 - $3,190,000
Auction Date
18 May 2023 02:00PM
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2. Property Highlights

The Power of 8

A rare & exciting opportunity exists to enjoy endless blue-chip returns on a block of 8 separately titled & currently tenanted apartments, enviably situated in one of the best streets in Elwood with easy access to absolutely everything the Elwood lifestyle has to offer! Investors looking to acquire property & immediately bring in a rental income with future options to further update, enhance & add value (STCA), this well maintained, solid 70’s boutique block, in a picturesque tree lined avenue, is a once in a lifetime prospect! The substantial 759m2* allotment comprises 1 x exceptional three bedroom, two bathroom apartment on the first floor with impressive house like proportions featuring a generous living & adjoining dining room with original retro style timber screens, built in cabinetry & a gorgeous full width entertainer’s balcony with leafy neighbourhood views, a spacious well appointed kitchen, light filled casual meals area, separate laundry & double garage as well as 7 extra large one bedroom apartments all in good original condition, each featuring a living room, separate functional kitchen with meals area, bathroom with laundry facilities & off street parking on title. Superbly positioned in a vibrant in-demand Bayside location with Ormond Road shops, cafes, bars & transport on the one end of the street & Elwood beach at the other end! Don’t miss your chance to capitalise on this great address. *Approximate Title Dimensions.

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1. Property Summary

Property Type
Residential
Sub-type
Townhouse Sites, Units, House, Land Site
Land Area
759 m² (*approx)
NRZ5 NRZ
Local Government
Port Phillip
Selling method
$AUD: $2,900,000 - $3,190,000
Auction Date
18 May 2023 02:00PM

2. Property Highlights

The Power of 8

A rare & exciting opportunity exists to enjoy endless blue-chip returns on a block of 8 separately titled & currently tenanted apartments, enviably situated in one of the best streets in Elwood with easy access to absolutely everything the Elwood lifestyle has to offer! Investors looking to acquire property & immediately bring in a rental income with future options to further update, enhance & add value (STCA), this well maintained, solid 70’s boutique block, in a picturesque tree lined avenue, is a once in a lifetime prospect! The substantial 759m2* allotment comprises 1 x exceptional three bedroom, two bathroom apartment on the first floor with impressive house like proportions featuring a generous living & adjoining dining room with original retro style timber screens, built in cabinetry & a gorgeous full width entertainer’s balcony with leafy neighbourhood views, a spacious well appointed kitchen, light filled casual meals area, separate laundry & double garage as well as 7 extra large one bedroom apartments all in good original condition, each featuring a living room, separate functional kitchen with meals area, bathroom with laundry facilities & off street parking on title. Superbly positioned in a vibrant in-demand Bayside location with Ormond Road shops, cafes, bars & transport on the one end of the street & Elwood beach at the other end! Don’t miss your chance to capitalise on this great address. *Approximate Title Dimensions.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

1-8, 26 Byrne Avenue, Elwood, VIC 3184

Property Map

4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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